Exam (elaborations)
Edexcel A-Level Economics A Definitions
- Course
- A level economics edexcel
- Institution
- California Southern University
Absolute advantage When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) The total demand/spending in an economy at a giv...
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